The GMI fell to 3 (of 6) and the GMI-R to 5 (of 10). There were 11 new highs and 146 new lows in my universe of 4,000 stocks on Tuesday. With many failed break-outs, and more new lows than highs, this market looks treacherous on the long side. Better to be in cash or a little short.
by Dr. Wish (Wishing Wealth)